BUZZ-Miner Grupo Mexico erodes after JPM downgrade
I'm PortAI, I can summarize articles.
Shares of Grupo Mexico fell nearly 3% following a downgrade by J.P. Morgan from overweight to neutral. The downgrade comes after a 30% surge in shares over the past three months, attributed to rising copper prices, which are now expected to decline to $12,000 per ton due to softening demand from China. J.P. Morgan's top metals pick in Latin America is Vale, with Antofagasta as an alternative.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments